The Definitive Guide to Inventory Management

The Definitive Guide to Inventory Management PDF Author: Matthew A. Waller
Publisher: Pearson Education
ISBN: 0133448827
Category : Business & Economics
Languages : en
Pages : 208

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Book Description
Inventory management is a critical component of supply chain management, addressing how much inventory should be carried across the supply chain, where to carry it, and how much safety stock is required to meet the organization's cost and customer service objectives. Now, there's an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text gives students and practitioners a thorough understanding of each leading approach to managing supply chain inventories, and the variables that drive decisions about inventory levels. It discusses the fundamental need for inventory, how product value affects inventory decisions, how to determine inventory levels, how the number of inventory locations affects inventory levels, and new approaches to reducing inventory. Coverage includes: Basic inventory management goals, roles, concepts, purposes, and terminology, including periodic inventory, perpetual inventory, safety stock, cycle count, ABC analysis, carrying and stockout costs, and more Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows The critical role of technology in inventory planning and management New approaches to reducing inventory including postponement, vendor-managed inventories, cross-docking, and quick response systems Understanding essential trade-offs between inventory and transportation costs, including the impact of carrying costs Requirements and challenges of global inventory management Best practices for assessing inventory management performance using standard metrics and frameworks

The Definitive Guide to Inventory Management

The Definitive Guide to Inventory Management PDF Author: Matthew A. Waller
Publisher: Pearson Education
ISBN: 0133448827
Category : Business & Economics
Languages : en
Pages : 208

Get Book Here

Book Description
Inventory management is a critical component of supply chain management, addressing how much inventory should be carried across the supply chain, where to carry it, and how much safety stock is required to meet the organization's cost and customer service objectives. Now, there's an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text gives students and practitioners a thorough understanding of each leading approach to managing supply chain inventories, and the variables that drive decisions about inventory levels. It discusses the fundamental need for inventory, how product value affects inventory decisions, how to determine inventory levels, how the number of inventory locations affects inventory levels, and new approaches to reducing inventory. Coverage includes: Basic inventory management goals, roles, concepts, purposes, and terminology, including periodic inventory, perpetual inventory, safety stock, cycle count, ABC analysis, carrying and stockout costs, and more Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows The critical role of technology in inventory planning and management New approaches to reducing inventory including postponement, vendor-managed inventories, cross-docking, and quick response systems Understanding essential trade-offs between inventory and transportation costs, including the impact of carrying costs Requirements and challenges of global inventory management Best practices for assessing inventory management performance using standard metrics and frameworks

Demand-Driven Inventory Optimization and Replenishment

Demand-Driven Inventory Optimization and Replenishment PDF Author: Robert A. Davis
Publisher: John Wiley & Sons
ISBN: 1119220408
Category : Business & Economics
Languages : en
Pages : 320

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Book Description
Remove built-in supply chain weak points to more effectively balance supply and demand Demand-Driven Inventory Optimization and Replenishment shows how companies can support supply chain metrics and business initiatives by removing the weak points built into their inventory systems. Beginning with a thorough examination of Just in Time, Efficient Consumer Response, and Collaborative Forecasting, Planning, and Replenishment, this book walks you through the mathematical shortcuts set up in your management system that prevent you from attaining supply chain excellence. This expanded second edition includes new coverage of inventory performance, business verticals, business initiatives, and metrics, alongside case studies that illustrate how optimized inventory and replenishment delivers results across retail, high-tech, men's clothing, and food sectors. Inventory optimization allows you to avoid out-of-stock situations without impacting the bottom line with excessive inventory maintenance. By keeping just the right amount of inventory on hand, your company is better able to meet demand without sacrificing the cost-effectiveness of other supply chain strategies. The trick, however, is determining "just the right amount"—and this book provides the background and practical guidance you need to do just that. Examine the major supply chain strategies of the last 30 years Remove the shortcuts that prohibit supply chain excellence Optimize your supply/demand balance in any vertical Overcome systemic weaknesses to strengthen the bottom line Inventory optimization is benefitting companies around the world, as exemplified here by case studies involving Matas, PWT, Wistron, and Amway. When inefficiencies are built into the system, it's only smart business to identify and remove them—and implement a new streamlined process that runs like a well-oiled machine. Demand-Driven Inventory Optimization and Replenishment is an essential resource for exceptional supply chain management.

Computer-Aided Design, Engineering, and Manufacturing

Computer-Aided Design, Engineering, and Manufacturing PDF Author: Cornelius T. Leondes
Publisher: CRC Press
ISBN: 0429525524
Category : Technology & Engineering
Languages : en
Pages : 294

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Book Description
In the competitive business arena companies must continually strive to create new and better products faster, more efficiently, and more cost effectively than their competitors to gain and keep the competitive advantage. Computer-aided design (CAD), computer-aided engineering (CAE), and computer-aided manufacturing (CAM) are now the industry standa

Inventory Control Models with Motivational Policies

Inventory Control Models with Motivational Policies PDF Author: Ata Allah Taleizadeh
Publisher: Springer
ISBN: 331972715X
Category : Business & Economics
Languages : en
Pages : 317

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Book Description
This book examines the different motivational policies used for inventory management. In many competitive markets, sellers use motivational policies to encourage the customers to buy more and these kinds of strategies are used as competitive tools. This book brings together all the motivational policies for lot sizing decisions and offers a useful guide for inventory control. Each chapter applies deterministic inventory models such as economic order quantity (EOQ) and economic production quantity (EPQ), but also stochastic models for the motivational policy covered. The book begins exploring quantity discounts such as all-unit and incremental discounts. It then looks at delayed payment or trade credit policies that are applied by many suppliers and/or wholesalers to increase their sales. The motivational policies covered in the following chapters are dedicated to advance payment/prepayment schemes and also special sales offered by retailers to increase sales levels or decrease the inventory level. Finally the book concludes with a review of announced price increases, which persuades customers to buy a product at the current price, rather than paying more for it in the future. Inventory Control Models with Motivational Policies should be useful for professionals working on supply chains, but also researchers in operations research and inventory management.

Distribution Planning and Control

Distribution Planning and Control PDF Author: David Frederick Ross
Publisher: Springer
ISBN: 1489975780
Category : Business & Economics
Languages : en
Pages : 936

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Book Description
This third edition provides operations management students, academics and professionals with a fully up-to-date, practical and comprehensive sourcebook in the science of distribution and Supply Chain Management (SCM). Its objective is not only to discover the roots and detail the techniques of supply and delivery channel networks, but also to explore the impact of the merger of SCM concepts and information technologies on all aspects of internal business and supply channel management. This textbook provides a thorough and sometimes analytical view of the topic, while remaining approachable from the standpoint of the reader. Although the text is broad enough to encompass all the management activities found in today's logistics and distribution channel organizations, it is detailed enough to provide the reader with a thorough understanding of essential strategic and tactical planning and control processes, as well as problem-solving techniques that can be applied to everyday operations. Distribution Planning and Control: Managing in the Era of Supply Chain Management, 3rd Ed. is comprised of fifteen chapters, divided into five units. Unit 1 of the text, The SCM and Distribution Management Environment, sets the background necessary to understand today’s supply chain environment. Unit 2, SCM Strategies, Channel Structures and Demand Management, reviews the activities involved in performing strategic planning, designing channel networks, forecasting and managing channel demand. Unit 3, Inventory Management in the Supply Chain Environment, provides an in-depth review of managing supply chain inventories, statistical inventory management, and inventory management in a multiechelon channel environment. Unit 4, Supply Chain Execution, traces the translation of the strategic supply chain plans into detailed customer and supplier management, warehousing and transportation operations activities. Finally Unit 5, International Distribution and Supply Chain Technologies, concludes the text by exploring the role of two integral elements of SCM: international distribution management and the deployment of information technologies in the supply chain environment. Each chapter includes summary questions and problems to challenge readers to their knowledge of concepts and topics covered. Additionally supplementary materials for instructors are also available as tools for learning reinforcement.

Manufacturing Inventory and Supply Analysis

Manufacturing Inventory and Supply Analysis PDF Author: Sanjay Sharma
Publisher: CRC Press
ISBN: 1000457753
Category : Technology & Engineering
Languages : en
Pages : 241

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Book Description
This reference text discusses models and analyzes cases that are useful for material requirements planning (MRP), just-in-time (JIT) environments and supply chain environments, as well as traditional production-inventory systems. It covers important concepts, including production-inventory systems, optimal purchase quantity, optimal production quantity, instantaneous procurement, multiple input items, sensitivity analysis, multiproduct manufacturing, determination of optimum cycle time, fractional backlogging, and incorporating input item procurement and flexibility in the production rate. Aimed at senior undergraduate and graduate students, and professionals in the field of industrial engineering, production engineering and manufacturing science, this text: Provides detailed models/analysis pertaining to various cases which are useful for material requirements planning and supply chain environments Elaborates manufacturing rate flexibility, demand variation and production rate variation Discusses the multi-item manufacturing environment and presents models with backorders, as well as fractional backlogging Analyzes flexible production rates, along with upward and downward variations

Advanced Planning and Scheduling in Manufacturing and Supply Chains

Advanced Planning and Scheduling in Manufacturing and Supply Chains PDF Author: Yuri Mauergauz
Publisher: Springer
ISBN: 3319275232
Category : Business & Economics
Languages : en
Pages : 584

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Book Description
This book is a guide to modern production planning methods based on new scientific achievements and various practical planning rules of thumb. Several numerical examples illustrate most of the calculation methods, while the text includes a set of programs for calculating production schedules and an example of a cloud-based enterprise resource planning (ERP) system. Despite the relatively large number of books dedicated to this topic, Advanced Planning and Scheduling is the first book of its kind to feature such a wide range of information in a single work, a fact that inspired the author to write this book and publish an English translation. This work consists of two parts, with the first part addressing the design of reference and mathematical models, bottleneck models and multi-criteria models and presenting various sample models. It describes demand-forecasting methods and also includes considerations for aggregating forecasts. Lastly, it provides reference information on methods for data stocking and sorting. The second part of the book analyzes various stock planning models and the rules of safety stock calculation, while also considering the stock traffic dynamics in supply chains. Various batch computation methods are described in detail, while production planning is considered on several levels, including supply planning for customers, master planning, and production scheduling. This book can be used as a reference and manual for current planning methods. It is aimed at production planning department managers, company information system specialists, as well as scientists and PhD students conducting research in production planning. It will also be a valuable resource for students at universities of applied sciences.

Essentials of Logistics and Supply Chain Management

Essentials of Logistics and Supply Chain Management PDF Author: Dr. Haniefuddin S
Publisher: Lulu.com
ISBN: 1105802817
Category : Business & Economics
Languages : en
Pages : 520

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Book Description
In today's competitive world the Customer satisfaction is one of the important objectives for any company or Business organization. But to achieve this objective the Logistics and Supply Chain Management emerged as the ultimate tool. The Main objectives of the Logistics and Supply Chain Management A Right Product, Right Place, Right Price, Right Quality, Right Quantity, and in the hands of Right Customer. To fulfill these objectives the Logistics like Generic Components as Procuring the Raw Materials from Tier suppliers, Vendors, Ordering, Purchasing, Processing, Operating, Branding, Bulk Braking, Transporting, Ware Housing, Material Handling, Packaging, Distributing to the Customer, End user, Gap Management, Processing like Primary components of Manufacturing, Project Management, Supportive components like Physical Distribution Management with help of Channel Evaluation, selection, Channel Management etc., play very vital role in reaching the product to the end user.

EBOOK: Logistics and Supply Chain Management

EBOOK: Logistics and Supply Chain Management PDF Author: JONSSON, PATRIK
Publisher: McGraw Hill
ISBN: 0077131177
Category : Business & Economics
Languages : en
Pages : 510

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Book Description
EBOOK: Logistics and Supply Chain Management

Managing Inventory for Cost Reduction

Managing Inventory for Cost Reduction PDF Author: Norman Kobert
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 536

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Book Description